Yes, a settlement contingency can still be put in place even after buyers have accepted an offer on their current home.
Yes, a settlement contingency can still be put in place even after buyers have accepted an offer on their current home. A settlement contingency is a clause in a real estate contract that makes the purchase of a new home dependent on the sale of the buyer's current home. It allows the buyers to back out of the purchase if they are unable to sell their current home within a certain timeframe.
Here's how it works:
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It's important to note that the sellers may also have the right to continue marketing their property and accept back-up offers while the settlement contingency is in place.